market hype Archives - macdonald realty

Overwhelmed by all the Real Estate chatter in the news?

Prices are falling! Hold Hold Hold! Don’t buy until next month! Rates are the lowest they have been since yesterday! Overseas Buyers increase market by 300%!

It is easy to get overwhelmed by all of the chatter over Real Estate in the news print, on TV and radio. The challenge with what you hear or see is that everyone has an opinion and there is many ways to share them nowadays. Through Twitter, Facebook, YouTube, and any media outlet looking to get their story in front of you, it can be a lot to process. So how do you make the best decisions for you?

Understanding what really pertains to you and your own individual situation is crucial to staying afloat in the bombardment of information that flows our way daily. Although it is important to stay atop the latest and greatest info, you should understand what applies to you or not. Rates dropping only matters after a certain point if you are already locked into another mortgage. Overseas buyers may be in the market for properties that have nothing to do with yours. Lowering real estate prices don’t matter unless you plan to move in the foreseeable future.

When it comes to the information rushing in your way, the best way to stay ahead of the pack is to be open and honest with your real estate and mortgage professional about your plans. Every situation is unique in its own way and the right advice will guide you down the proper path. When a professional you trust is on the up and up about what you want to accomplish in the short or long term, they can provide you with the plan that DOES make sense for your situation, keeping you ahead of the herd.

No need to get overwhelmed, it’s just can be a lot of chatter.

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Blog post provided by Darin Germyn Personal Real Estate Corporation, a REALTOR® with Macdonald Realty in South Surrey / White Rock.   Visit Darin’s blog at Germyn.ca  

The Value a REALTOR Provides

There has been a ton of information tossed around recently in the media about REALTORS® and the value they provide.  I wanted to share a short story about a person I have recently helped who tried to sell their home on their own.  I received a phone call from this gentleman last month regarding coming to list his home and for some professional marketing advise. He had recently undergone the process of selling by owner and had even received an accepted offer from a private buyer. The buyer had committed to purchasing his condo and they went through the legal requirements and were deeply involved financially and emotionally. The deal came to fall apart as the prospective buyer could not close on the deal due to financial and personal reasons. This is where my value as a real estate and marketing professional was valued and called upon.

I listed the home and had it sold within 5 days of having it listed, as a result of my 90 step marketing strategies and knowledge of the area. Not only did I only show the property to the most qualified buyers after screening them personally, I arranged the entire process and assisted in closing the deal. Now many of you may be thinking, “Yah Darin, but the Seller also had to pay you to do this all for him,” and you would be absolutely right. The Seller received an additional $16,500 more than his private sale that was supposed to ’save’ him money. After my compensation, the seller walked away with more money in his pocket, actually, it was an additional $6000.

 

I believe strongly that you pay a professional to do their job. You go to a doctor because they have specialized knowledge and understand how to fix your health issues. You go to a Real Estate professional because you can expect a certain level of service and expertise. I have knowledge you as a Seller may not, and that is okay. Take the example written above, you can bet my Seller is smiling as he not only had the conveyance roll out as smooth as can be, he also plans to take his family on a 2 week holiday with the extra money I was able to achieve for him.

So the next time your body aches or you have the flu, call your doctor. The next time you hear of a friend or family member trying to sell their home on their own, remind them of this story, and have them call me.

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Blog post provided by Darin Germyn Personal Real Estate Corporation, a REALTOR® with Macdonald Realty in South Surrey / White Rock.   Visit Darin’s blog at Germyn.ca